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Movers and Shakers

Sir David Lees to take board role at the Bank of England

Sir David Lees has been appointed to the Chair of the Court, the governing board of the Bank of England.

Sir David will succeed Sir John Parker in the role for a period of three years, starting in June.

He is currently chairman of Tate & Lyle, a position he has held since 1998, and has also been deputy chairman of QinetiQ since 2005.

QinetiQ is an international defence technology firm in which the Ministry of Defence had a stake. It was the subject of controversy as a result of its floatation in 2006.

Lloyds Banking Group to axe nearly 1,000 jobs

Lloyds Banking Group is expecting to shed 985 jobs in the next two years, mainly in its asset and motor finance operations.

Last year Bank of Scotland carried out a detailed review of its asset and motor finance operations and concluded that the majority of them were no longer financially viable or core to the business, resulting in the loss of many full-time jobs.

The group expects that up to 200 jobs will be affected at its Speke centre this year and a further 340 jobs will be at risk in Chester next year. Jobs are also at risk in the group’s sales force and at some regional collections centres.

Colleys puts 400 chartered surveyors into consultation

Colleys, Halifax’s inhouse valuation and surveying firm, has put all 400 of its chartered surveyors into consultation with a view to axing around 106 roles.

The job losses are part of a broader strategy of merging the firm’s two support centres into one by the end of October. Colleys has suffered a fall in demand for valuations and surveys as the number of housing transactions has declined during the recession.

The move will affect 106 valuers operating throughout the UK and a further 34 business processing staff in Birmingham. The Preston office will absorb the work from Birmingham.

Evaluate names Ghiloni as commercial director

Evaluate Technologies has appointed Francis Ghiloni (pictured) as commercial director.

Ghiloni has more than 25 years’ experience in the financial services industry, accumulated across a range of small and large companies.

In previous roles he has been responsible for distribution through brokers at Prudential UK and was sales and marketing director at Britannic Asset Management.

Ghiloni most recently set up a consultancy firm and has spent a year providing advice to chief executive officers of financial services firms. He also co-founded online direct-to-consumer mortgage company in 2006.

In the role of commercial director at Evaluate Ghiloni will primarily focus on forging relationships with high profile and high volume mortgage-related websites.

Paul Fradgley, chief executive officer of Evaluate, said: “We are delighted to have recruited someone of Ghiloni’s calibre for this crucial role. His arrival affirms our commitment to becoming the dominant player in the online mortgage sourcing market. With our online mortgage comparison offering and Ghiloni’s drive, experience and contacts we believe we have the right ingredients in place.”

Ghiloni said: “There is a big opportunity to significantly improve the online mortgage experience for both consumers and brokers. Evaluate has developed a solution that allows this to happen and I am certain that it will be attractive to businesses that want to help consumers get the best mortgage experience possible.”

Witherspoon takes development role at Zoopla

Mark Witherspoon arrives at the company with extensive experience of the automated valuation model market and related data services, having formerly been chief executive of Hometrack and UKValuation.

Witherspoon helped develop the market for AVMs, which now accounts for more than 25% of mortgage valuations in the UK.

Most recently, he has been consulting on data-driven risk management for a range of lenders and plans to divide his time between serving these clients and his role at Zoopla.

TCF Debt Solutions takes on staff as business grows

Debt advice specialist TCF Debt Solutions has recruited seven new members of staff.

Jonathan McGarty, Tom Gill and Darren Kirkham have been recruited as introducer managers to provide advice and support for brokers wanting to discuss any aspect of debt advice.

Meanwhile, Sarah Davenport and Lee Brocklehurst have joined as debt consultants. The two will deal directly with clients to build a comprehensive picture of their financial status and offer them alternative courses of action in addressing their debt issues. Susan Manley comes in to assist in the credit control department and Matthew Duff has been appointed as debt management supervisor.

Andy Moody (pictured), managing director of TCF Debt Solutions, said: “As our business has grown so much this year I am pleased to welcome these new members of staff on board to assist the company during this exciting period.

“We feel we have built up an extensive understanding of brokers’ requirements as well as those of their clients.”

Hall joins Marketing Innovation Forum

Mortgage Strategy’s former editor Robyn Hall has joined the Marketing Innovation Forum.

Hall will pen a regular column on the adviser website and joins MIF’s growing number of gurus who field questions on member forums.

The website offers several discussion forums, each of which is manned by an industry expert. Advisers post questions and opinions and receive advice and other feedback free of charge.


Some party

But it’s not all doom and gloom. Mole was pleased to hear that Alan Cleary, managing director of Exact, and Ian Lonergan, chief executive officer of Exact, partied in style to celebrate their own 40th birthdays.

The shape of lending to come

Lenders will have to be innovative in forging products that take account of the more flexible lifestyles of the borrowers of the future, says Neil Johnson, mortgage policy manager at the Building Societies Association

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


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